Vitesco Technologies Group AG (Vitesco Technologies Group AG) Accounts Payable & Accrued Expense : $2,087 Mil (As of Mar. 2024)

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What is Vitesco Technologies Group AG Accounts Payable & Accrued Expense?

Vitesco Technologies Group AG's quarterly accounts payable & accrued expense increased from Sep. 2023 ($2,206 Mil) to Dec. 2023 ($2,274 Mil) but then declined from Dec. 2023 ($2,274 Mil) to Mar. 2024 ($2,087 Mil).

Vitesco Technologies Group AG's annual accounts payable & accrued expense declined from Dec. 2021 ($2,434 Mil) to Dec. 2022 ($2,333 Mil) and declined from Dec. 2022 ($2,333 Mil) to Dec. 2023 ($2,274 Mil).

Vitesco Technologies Group AG Accounts Payable & Accrued Expense Historical Data

The historical data trend for Vitesco Technologies Group AG's Accounts Payable & Accrued Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Vitesco Technologies Group AG Accounts Payable & Accrued Expense Chart

Vitesco Technologies Group AG Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Payable & Accrued Expense

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2,500.00

2,853.16

2,434.35

2,333.16

2,274.16

Vitesco Technologies Group AG Quarterly Data
	Dec18	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial													2,360.81	2,281.15	2,205.66	2,274.16	2,086.74

Vitesco Technologies Group AG Accounts Payable & Accrued Expense Calculation

Accounts payable & accrued expense usually includes accounts payable, accrued compensation and related benefits, etc.

Accounts payable is money owed by a business to its suppliers shown as a liability on a company's balance sheet. It is distinct from notes payable liabilities, which are debts created by formal legal instrument documents.

It is part of the current portion of the liabilities (due within one year or within the normal operating cycle if longer) reflected on the balace sheet of the company. A higher Accounts Payable means lower Working Capital needed to operate the business.

Vitesco Technologies Group AG (Vitesco Technologies Group AG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Vitesco Technologies Group AG (OTCPK:VTSCY) » Definitions » Accounts Payable & Accrued Expense

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VTSCF:USA 0AAF:UK VTSC:Germany VTSC:Austria

Address

Siemensstrase 12, Regensburg, BY, DEU, 93055

Website

https://www.vitesco-technologies.com

Vitesco is a global Tier I automotive supplier of internal combustion engine, hybrid electric, battery electric, and fuel cell electric vehicle powertrain components and systems, operating through four segments: electrification technology, electronic controls, sensing and actuation, and contract manufacturing. The company was spun off from Continental in September 2021. ICE powertrain products include electronic controls, sensors, actuators, turbochargers, hydraulic components, pumps, and emissions technologies. HEV, BEV, and FCEV products include battery management systems, on-board chargers, battery junction boxes, e-motors, inverters, converters, thermal control, electronic control units, pumps, flow control valves, sensors, and actuators.

Vitesco Technologies Group AG (Vitesco Technologies Group AG) Headlines

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